If you own a property that's recently undergone a moderate rehabilitation with Fannie Mae financing, and you need more funds, perhaps for additional improvements, a Fannie Mae Moderate Rehabilitation Supplemental Loan could be a great fit. Fannie Mae Moderate Rehabilitation Supplemental Loans have terms of between 5 and 30 years, and amortizations of up to 30 years, though they must end at the same time as the original moderate rehabilitation loan. These loans have a combined LTV allowance up to 75% (though this may be larger for affordable properties), are non-recourse, and are fully assumable with lender approval.

Sample Fannie Mae Terms For Moderate Rehabiliation Supplemental Loans

Size: Varies

Terms: 10-30 year loan terms available, supplemental loans must end at the same time as the original mortgage loan

Amortization: Up to 30 years, interest-only loans are available

Interest Rates: Fixed and adjustable-rate loans available

Maximum LTV: Combined LTV of up to 75% (may be higher for affordable properties)

Minimum DSCR: Combined DSCR as low as 1.25x (may vary due to asset class and how proceeds are used)

Multifamily.loans

Multifamily.loans is the premier capital markets solution for multifamily and apartment lending across the nation; intimately familiar with the ins and outs of all components of apartment building finance with strengths in GSE finance, FHA, CMBS, Bank, Life Companies and more.

Beyond our specialities in traditional low-cost non-recourse multifamily finance, Multifamily.loans maintains unique relationships with an array of hedge funds, family offices and financiers which makes it possible to arrange transactions with multiple pieces such as bridge debt, mezzanine loans, and preferred equity.